Senior Actuarial Analyst - Pricing

SCOR • Charlotte, NC

11h • $95,000 - $116,000 • Hybrid

About The Position

The Senior Actuarial Analyst – Pricing is responsible for supporting the timely completion of the pricing process according to SCOR methods and key controls for all assigned deals. Key transactional processes include assumption development, actuarial model development, model runs and sensitivities, the generation of clear and thorough supporting documentation, and performing peer reviews.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Analytics, Finance, Economics, or related areas
• At least four ASA level exams
• At least 1 year of life actuarial experience; pricing, product development, reinsurance industry experience preferred.
• Active participant in a actuarial student rotation program.
• Basic knowledge of life insurance laws, regulations, insurance products, and underwriting practices.
• Familiarity with experience study concepts.
• Understanding of the concepts underlying life actuarial models.
• Familiarity with AI and basic knowledge of statistical programming languages (Python experience preferred).
• Solid mathematical analysis skills with strong problem-solving ability.
• Effective written and oral communicator.
• Takes initiative and exhibits a sense of urgency with a focus on results for external and internal clients.
• Effective multi-tasker with demonstrated comfort and ability to effectively manage and deliver on competing priorities.
• Must be able to work effectively independently and as part of a team with readiness to travel on occasion.
• Skilled at collaborating with others across offices and geographical locations.
• Ability to work within an Agile/SCRUM environment.
• Strong proficiency using Microsoft Office Products and demonstrated ability to learn new software/tools.
• Regular attendance and ability to work extended hours as necessary to meet deadlines.
• Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Responsibilities

• Assess and develop pricing assumptions focused on mortality, persistency, sales mix, and net amount at risk.
• Consideration of the impacts of different levels of assumptions on reinsurance pricing (across product types and based on reinsurance structure).
• Develop actuarial models, including liability population cells, data tables, and other structures essential for the proper pricing of life reinsurance.
• Generate model runs and sensitivities; verify the accuracy and reasonability of output.
• Create clear documentation for work product.
• Ensure pricing work follows the SCOR General Life and Health Underwriting and Pricing Guidelines, meets accuracy requirements and profitability goals, and that ICS processes and controls are followed and documented as necessary.
• Complete deal close out activities for accepted deals including communication and hand-off to valuation/modeling teams, SQP, Salesforce, and CART updates.
• Assist with project related efforts on technical topics related to pricing standards, processes, methodologies, and assumptions.
• Active participant in the SCOR Actuarial Development Program.
• May perform other duties as required.

Benefits

• Relocation assistance within the U.S. is available for this position.
• SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility.
• To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement.
• SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.
• health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off
• annual bonuses, short- and long term incentives

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees